CORNING INC NY

For the period ended Dec 31, 2024. Filed Feb 13, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 13, 2025

GLW$115.95+9.3%Stored close · as of Nov 9, 2026

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Contents

9. Other Assets and Other Liabilities

Other Assets and Other Liabilities

Other assets consisted of the following (in millions):

	December 31,
	2024	2023
Current assets:
Derivative instruments (Note 13)	$619	$501
Other current assets	828	694
Other current assets	$1,447	$1,195
Non-current assets:
Derivative instruments (Note 13)	$360	$130
South Korean tax deposits (Note 6)	253	261
Operating leases (Note 5)	796	883
Investments	394	414
Other non-current assets	336	532
Other assets	$2,139	$2,220

Other liabilities consisted of the following (in millions):

	December 31,
	2024	2023
Current liabilities:
Wages and employee benefits	$883	$609
Income taxes (Note 6)	109	69
Derivative instruments (Note 13)	348	66
Deferred revenue (Note 3)	190	181
Customer deposits (Note 3)	127	148
Short-term operating leases (Note 5)	95	112
Other current liabilities	1,369	1,348
Other accrued liabilities	$3,121	$2,533
Non-current liabilities:
Defined benefit pension plan liabilities (Note 11)	$529	$721
Derivative instruments (Note 13)	273	31
Deferred revenue (Note 3)	643	679
Customer deposits (Note 3)	983	1,083
Deferred tax liabilities (Note 6)	137	218
Long-term operating leases (Note 5)	785	846
Other non-current liabilities	1,175	1,131
Other liabilities	$4,525	$4,709

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